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VOL. TMN-8 | NO. 36 | Saturday, August 29, 2015
Weekly Issue

Rocking for Love

Church Health Center set to launch ninth annual music festival

When Lahna Deering and Jason Freeman join the other musicians performing at the Rock for Love music festival next week, the gig will be a bit more meaningful for them than the shows they normally play.

Editorial: Church Health Center has Potential to Change Memphis

As the Church Health Center prepares to move to Crosstown Concourse, it is worth looking at how aspirations meet needs in Memphis.

Mallory Marks 90 Years With China Expansion

Mallory Alexander International Logistics is preparing to expand and operate directly in China later this year with a highly coveted freight license from the Chinese government and the opening of the Mallory Asia Pacific division in Shanghai.

Redevelopment to Begin at Scimitar Building

The developer of a boutique hotel in the 103-year-old Scimitar Building is preparing for the Downtown property’s conversion.

Memphis’ Town Center Trio Concept Takes Double Hit

Two of the three town centers envisioned by Memphis Mayor A C Wharton are going in different directions with a recent court ruling and an auction.

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EVENTS

Boscos Squared will host the Boscos Cycling Patio 150, a benefit for the National Multiple Sclerosis Society, Thursday, Sept. 3, starting at 5 p.m. at 2120 Madison Ave. Members of the Boscos Cycling team will ride 150 miles on stationary bikes to raise funds. Tickets are not required, but cash donations will be accepted. Visit facebook.com/boscoscycling for details.

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THE MEMPHIS NEWS ALMANAC

This week in Memphis history: August 28-September 3

1985: On the front page of The Daily News, developers of the Riverset Apartments on Mud Island’s northern end are going to the Center City Revenue Finance Corp. for $105 million in tax-free revenue bond financing. The 1,500-unit complex is also to feature a marina.

One Beale, Tennessee Brewery Plans Go to Design Board

Plans for two of Downtown Memphis’ most high-profile projects are set to go before a key development board next week.

Square Sale

Collierville’s retail push focused on ‘local’

Watty Brooks Hall said the event has become a highly anticipated competition, almost like Christmas morning is for children. During the semiannual Collierville Town-Wide Sidewalk Sale, one customer always shows up bright and early outside The Brooks Collection, Hall’s business on the town square.

UTHSC Pursuing Hotel-Conference Center in Medical District

The University of Tennessee Health Science Center is looking for a developer to build a hotel and conference center at the southwest corner of Madison Avenue and South Pauline Street.

Fred’s Reports Second-Quarter Loss

The toughest part of guiding a ship, Fred’s Inc. CEO Jerry Shore told analysts Thursday, Aug. 27, is changing its direction.

Southwest Adds Memphis Flights

Southwest Airlines will add seasonal nonstop flights between Memphis and Austin, Texas, along with an additional seasonal flight to Orlando.

University of Memphis, Church Health Center Form Partnership

The University of Memphis and the Church Health Center are forming a partnership to help the underserved of Memphis.

Memphis' Bigger Brothers

In 50 years, CBHS goes from no hot water to $25 million makeover

If spending begins with saving, then Brother Adrian Powers’ fingerprints are all over the $25 million improvement campaign at Christian Brothers High School that includes a $10 million athletic development center.

Kudzukian’s ‘Neo-Radio’ Platform Has Room to Grow

What does kudzu have in common with a media content company in Memphis that bears its name?

Memphis College of Art Set to Exit Downtown Memphis

The Memphis College of Art appears set to move its graduate programs away from Downtown and back to its Overton Park campus.

Haslam Talks of Larger Shift in Tennessee Higher Education

Before the picket line against outsourcing the management of state office buildings went up Tuesday, Aug. 25, at Southwest Tennessee Community College’s Macon Cove campus, Tennessee Gov. Bill Haslam saw some different signs: several students holding up posters thanking Haslam for the Tennessee Promise program.

Memphis Investment Professionals Preach Caution Amid Market Swings

The 1,000-point drop at one point Monday, Aug. 24, in the Dow Jones Industrial Average – it ended the day down 588 points to close at an 18-month low – was a result of volatile trading that marked a stomach-churning start to the week for investors.

Homegrown Talent

New Daisy to host Memphis music ‘throwdown’

The New Daisy Theatre will play host in a few weeks to a local music festival featuring a handful of Memphis bands that also serves as a showcase of sorts for a new record label in town.

Shelby County Budget Summit Call Begins With Different Priorities

Shelby County government’s financial needs have changed in the nearly two months since the new fiscal year began.

Memphis Mayoral Endorsements Split

The first wave of endorsements in the 2015 Memphis elections finds no mayoral contender with a sweep, one of the four major contenders without an endorsement so far and two of the big three municipal unions backing different mayoral candidates.

Federal Reserve: Memphis Banks Steady in 2nd Quarter

Talk to Metropolitan Bank CEO Curt Gabardi about his bank founded in 2008, and the story he’ll tell is of an institution today with the necessary resources and people to grow at a steady clip, in spite of a local banking landscape that’s fraught with competition.

Council Candidates Offer Advice, With Verbal Jabs, at NAACP Forum

There have been fewer forums this year for Memphis City Council contenders on the Oct. 8 ballot as the 2015 campaign season has focused on mayoral events.

Lighting Girls’ Lives

McNary teaching her Pink Eagles life, leadership skills

The Pink Eagles are like a Girl Scouts troop created just for Memphis. For the past seven years, the nonprofit has helped area girls ages 5 to 19 build self-confidence, leadership skills and financial literacy. The weekly meetings and seasonal events are free for the participants thanks to the leadership of founder Loretta McNary.

Famed Wine Cellar Maker Toasts East Memphis Job

An international, custom wine cellar company has uncorked its crown jewel in Memphis. Michigan-based Revel Custom Wine Cellars has been working for two years to craft the perfect wine haven for a local tech entrepreneur.

University’s Crews Center Launches Seed Fund

The University of Memphis Crews Center for Entrepreneurship has taken what stakeholders said is a natural next step as part of acting as the university’s hub for commercializing ideas into successful startups.

Big Brother Big Sisters to Seek New CEO After Adrienne Bailey’s Retirement

The recent retirement of Adrienne Bailey as president and CEO of Big Brothers Big Sister of the Mid-South Inc. ended a 20-year run of sustained leadership as Bailey had accepted the position of executive director in 1995.

I Choose Memphis: Naomi Adams Bata

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Grizzlies Caravan Rolling Along, Hoping To Pick Up Fans Beyond Memphis

Tony Allen will throw out the first pitch at AutoZone Park and mascot Grizz will toe the rubber before a Cardinals game at Busch Stadium in St. Louis.

Only ‘Fall Guy’ Needed Here Is Cris Carter

Remember the quaint old days of American sport, when the symbol a player had made it was the number of luxury cars in his garage or unnecessary bathrooms in his mansion?

College Football Notebook: Expert Predicts Top Teams, Fuente’s Future in Memphis

With college football season about to kick off, The Daily News threw a few questions at USA Today’s George Schroeder, national college football writer and a past president of the Football Writers Association of America.

University of Memphis Reports Costs of Student-Athlete Scholarships

In a move to follow suit with the Power Five conferences, the University of Memphis has launched an initiative to provide full cost of attendance for its student-athletes. 

NEWSMAKERS

Trezevant Hires Resident Services Head

Kimberly O’Donnell has joined Trezevant as director of resident services. In her new position, she will be responsible for managing a variety of programs and functions while serving as liaison to the residential community.

REAL ESTATE RECAP

Cloverleaf Shopping Center Sells in $4.8 Million Deal

5071, 5079 and 5150 Summer Ave., 761 N. White Station Road, Memphis, TN 38122 -
The popular Cloverleaf shopping center, located at the corner of Summer Avenue and White Station Road, has sold according to a special warranty signed Aug. 13.

SMALL BUSINESS

Renshaw Rehabs Spiffs Up Houses To Fetch Bigger Price Tags

With a recent market uptick, Memphis-area Realtors are having to bring in outside help to get properties ready for sale.

TENNESSEE LEDGER
Knoxville Edition

Record-Setting Freshman Class Settles in at UT Knoxville

Murfreesboro’s Madison Underwood, 18, admits the University of Tennessee-Knoxville was not her first choice after graduating Siegel High School this spring.

Despite Personnel Losses, UT’s Defense Should Be Much-Improved

John Jancek begins his third season as Tennessee’s defensive coordinator under head coach Butch Jones, and thanks to two solid recruiting classes should have his best defense with the Vols.

LOCAL COLUMNISTS

Memphis Representative

4,880 MILES MORE SOUTHERN. There he was again. Nora and I were watching a show about historic homes in Memphis on WKNO and when they paused to pitch for support, he was one of the volunteers manning the phone bank behind those pitching.

The Art of Interoffice Communication

With so many generations working together today, communication has never been more confusing. Our communication vehicles include email, phone, social media, text – not to mention real life, face-to-face conversations and handwritten letters.

‘Punching Out’ for the Last Time

Ray’s take: According to AARP, baby boomers are turning 65 at the rate of 10,000 per day. That means a lot of people are looking at the traditional retirement age coming up fast. Whenever you plan to not have to work anymore, there are some basic financial decisions you should make as you near that age.

4 Tips for Staying Safe on Public Wi-Fi

Think about the last time you checked your online bank account at your local coffee shop, updated social media while waiting in line at a store or caught up on your email at an airport during a layover.

Booting Up

I don’t remember where I got the quip that is the theme for today’s I Swear Crossword. It’s hardly original. The gist of it is that if you power down for a while, you’ll almost always power back up. It’s a comforting thought. Or is it?

The Priorities Of The Data-Driven Marketer

When I began my career in marketing more than 20 years ago, measurement was straightforward. We simply monitored revenue growth and our marketing expense, making assumptions about how the two might be correlated.

Should Citizens Have to Pay to Look at Public Records?

Lots is happening in the area of open government lately. In recent columns I’ve talked about legislation that would control access to police videos and about a proposed Supreme Court rule that would limit reporters’ use of electronic devices in courtrooms.

Playing the Pullback

After four years of up, markets have quickly entered correction territory. Unfortunately, since most investors operate with short memories, the current pullback feels major since recent comparisons have been minor. However, markets corrections don’t presage negative annual returns.

Four Things To Know for Your Fundraising Plan

The fundraising plan is at the core of successful fundraising. But what exactly is a fundraising plan? Is it a spreadsheet? A list of activities? A list of potential donors and funders? Our answer: it’s this and so much more.

Travel Magic Happens at Sunrise

Waking up before 8 a.m. never seems like a good idea when I’m home.

Use Driving Insights To Bolster Growth

The lifecycle of an innovation project uncovers far more insights than can be filtered, harnessed or used.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 354 12,626
MORTGAGES 113 438 16,470
FORECLOSURE NOTICES 21 98 3,290
BUILDING PERMITS 358 918 27,694
BANKRUPTCIES 55 276 10,490
BUSINESS LICENSES 18 120 4,204
UTILITY CONNECTIONS 78 429 16,350
MARRIAGE LICENSES 26 125 3,691

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The Memphis News: Business, politics, and the public interest.